ABC Stock Overview
Adbri Limited manufactures, imports, distributes, and markets construction materials in Australia.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$1.91|
|52 Week High||AU$3.42|
|52 Week Low||AU$1.79|
|1 Month Change||-5.69%|
|3 Month Change||-21.28%|
|1 Year Change||-41.56%|
|3 Year Change||-35.64%|
|5 Year Change||-67.66%|
|Change since IPO||12.06%|
Recent News & Updates
Capital Allocation Trends At Adbri (ASX:ABC) Aren't Ideal
If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? A business...
|ABC||AU Basic Materials||AU Market|
Return vs Industry: ABC underperformed the Australian Basic Materials industry which returned -32.2% over the past year.
Return vs Market: ABC underperformed the Australian Market which returned -7.1% over the past year.
|ABC Average Weekly Movement||6.6%|
|Basic Materials Industry Average Movement||5.3%|
|Market Average Movement||9.3%|
|10% most volatile stocks in AU Market||16.3%|
|10% least volatile stocks in AU Market||4.2%|
Stable Share Price: ABC is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: ABC's weekly volatility (7%) has been stable over the past year.
About the Company
Adbri Limited manufactures, imports, distributes, and markets construction materials in Australia. The company operates in two segments: Cement, Lime, Concrete and Aggregates; and Masonry. It provides cement, lime, premixed concrete, aggregates, and sand; various concrete bricks, besser blocks, pavers, and retaining wall blocks; and industrial minerals comprising agricultural lime products, stockfield minerals and fillers for glass manufacturing, and quick and hydrated lime for industrial processing and water treatment applications.
Adbri Fundamentals Summary
|ABC fundamental statistics|
Is ABC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ABC income statement (TTM)|
|Cost of Revenue||AU$1.42b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.17|
|Net Profit Margin||6.64%|
How did ABC perform over the long term?See historical performance and comparison
6.3%Current Dividend Yield
Is ABC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 6/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for ABC?
Other financial metrics that can be useful for relative valuation.
|What is ABC's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does ABC's PE Ratio compare to its peers?
|ABC PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
WGN Wagners Holding
JHX James Hardie Industries
Price-To-Earnings vs Peers: ABC is good value based on its Price-To-Earnings Ratio (11.5x) compared to the peer average (12.8x).
Price to Earnings Ratio vs Industry
How does ABC's PE Ratio compare vs other companies in the Global Basic Materials Industry?
Price-To-Earnings vs Industry: ABC is good value based on its Price-To-Earnings Ratio (11.5x) compared to the Global Basic Materials industry average (13.8x)
Price to Earnings Ratio vs Fair Ratio
What is ABC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||11.5x|
|Fair PE Ratio||16x|
Price-To-Earnings vs Fair Ratio: ABC is good value based on its Price-To-Earnings Ratio (11.5x) compared to the estimated Fair Price-To-Earnings Ratio (16x).
Share Price vs Fair Value
What is the Fair Price of ABC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: ABC (A$1.91) is trading below our estimate of fair value (A$17.06)
Significantly Below Fair Value: ABC is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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How is Adbri forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ABC's forecast earnings growth (8% per year) is above the savings rate (1.8%).
Earnings vs Market: ABC's earnings (8% per year) are forecast to grow faster than the Australian market (6.5% per year).
High Growth Earnings: ABC's earnings are forecast to grow, but not significantly.
Revenue vs Market: ABC's revenue (1.8% per year) is forecast to grow slower than the Australian market (3.6% per year).
High Growth Revenue: ABC's revenue (1.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ABC's Return on Equity is forecast to be low in 3 years time (9.5%).
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How has Adbri performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ABC has a large one-off gain of A$27.1M impacting its June 30 2022 financial results.
Growing Profit Margin: ABC's current net profit margins (6.6%) are lower than last year (8%).
Past Earnings Growth Analysis
Earnings Trend: ABC's earnings have declined by 15.1% per year over the past 5 years.
Accelerating Growth: ABC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ABC had negative earnings growth (-10.7%) over the past year, making it difficult to compare to the Basic Materials industry average (33.6%).
Return on Equity
High ROE: ABC's Return on Equity (8.4%) is considered low.
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How is Adbri's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: ABC's short term assets (A$531.4M) exceed its short term liabilities (A$268.1M).
Long Term Liabilities: ABC's short term assets (A$531.4M) do not cover its long term liabilities (A$859.2M).
Debt to Equity History and Analysis
Debt Level: ABC's net debt to equity ratio (43.2%) is considered high.
Reducing Debt: ABC's debt to equity ratio has increased from 37.8% to 49.2% over the past 5 years.
Debt Coverage: ABC's debt is well covered by operating cash flow (29.5%).
Interest Coverage: ABC's interest payments on its debt are well covered by EBIT (5.1x coverage).
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What is Adbri current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Adbri Dividend Yield vs Market|
|Market Bottom 25% (AU)||2.7%|
|Market Top 25% (AU)||6.9%|
|Industry Average (Basic Materials)||3.9%|
|Analyst forecast in 3 Years (Adbri)||6.6%|
Notable Dividend: ABC's dividend (6.3%) is higher than the bottom 25% of dividend payers in the Australian market (2.73%).
High Dividend: ABC's dividend (6.3%) is low compared to the top 25% of dividend payers in the Australian market (6.86%).
Stability and Growth of Payments
Stable Dividend: ABC's dividend payments have been volatile in the past 10 years.
Growing Dividend: ABC's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (72.3%), ABC's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: ABC is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Nicholas D. Miller, also known as Nick, NZCE(Civil), BE(Hons), FIPENZ, GAICD, has been Chief Executive Officer of ADBRI Limited (formerly known as Adelaide Brighton Limited) since January 30, 2019 and...
CEO Compensation Analysis
|Nick Miller's Compensation vs Adbri Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||AU$3m||AU$1m|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||AU$3m||AU$1m|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||n/a||n/a|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||AU$2m||AU$1m|
Compensation vs Market: Nick's total compensation ($USD2.00M) is above average for companies of similar size in the Australian market ($USD1.08M).
Compensation vs Earnings: Nick's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: ABC's management team is considered experienced (3.8 years average tenure).
Experienced Board: ABC's board of directors are considered experienced (3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ABC insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|16 Sep 22||BuyAU$2,795,900||The Vanguard Group, Inc.||Company||982,763||AU$2.88|
|12 Sep 22||BuyAU$105,795||Michael Wright||Individual||50,000||AU$2.12|
|04 Aug 22||SellAU$1,236,328||The Vanguard Group, Inc.||Company||469,379||AU$2.71|
|27 Oct 21||BuyAU$64,009||The Vanguard Group, Inc.||Company||20,757||AU$3.14|
|19 Oct 21||BuyAU$4,413,888||The Vanguard Group, Inc.||Company||1,149,450||AU$3.84|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Adbri Limited's employee growth, exchange listings and data sources
- Name: Adbri Limited
- Ticker: ABC
- Exchange: ASX
- Founded: 1882
- Industry: Construction Materials
- Sector: Materials
- Implied Market Cap: AU$1.243b
- Shares outstanding: 652.63m
- Website: https://www.adbri.com.au
Number of Employees
- Adbri Limited
- Aurora Place
- Level 9
- New South Wales
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ABC||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Jan 1992|
|ADBC.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jan 1992|
|GHO||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
|ABC||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Jan 1992|
|ADLD.Y||OTCPK (Pink Sheets LLC)||UNSPONSORD ADR||US||USD||Jul 2015|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/06 00:00|
|End of Day Share Price||2022/10/06 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.